J Jill Stock Price, News & Analysis

J.Jill, Inc. (NYSE:JILL) has successfully refinanced approximately $222 million of outstanding Priming and Subordinated Term Loan Facilities with a new $175 million term loan that matures on May 8, 2028. This refinancing replaces debt maturing on May 8, 2024 and November 8, 2024, improving the company’s debt exposure and extending its debt maturity. CFO Mark Webb highlighted that the transaction provides financial flexibility for the company to focus on its objectives and enhance shareholder returns. The company does not anticipate significant changes to its interest expenses for fiscal 2023, noting a positive outlook given its cash generation capability.

J.Jill, Inc. reported financial results for Q4 and FY22, showing a 1.7% sales increase to $147.7 million in Q4, and a 5.1% increase to $615.3 million for FY22. Gross margins reached 64.4% for Q4 and 68.6% for FY22. Operating income grew by 3.8% in Q4 and 34.1% for the year, totaling $78.7 million. However, direct-to-consumer sales declined by 2.5% in Q4. The company anticipates a cautious outlook for 2023, expecting revenue to decline in the mid-single digits in Q1.

J.Jill, Inc. (NYSE:JILL) is set to release its financial results for Q4 and fiscal year 2022 on March 14, 2023, prior to market opening. CEO Claire Spofford and CFO Mark Webb will host a conference call at 8:00 a.m. ET to discuss the results. Interested parties can join the call by dialing (888) 330-3391 or (646) 960-0845, and a live audio webcast will be available on the company’s investor relations website. A taped replay will be accessible shortly after the call. J.Jill is a prominent omnichannel retailer and women’s apparel brand, operating over 200 stores and a strong e-commerce platform.

J.Jill, Inc. (NYSE:JILL) reaffirmed its guidance for Q4 and fiscal year 2022 ahead of the 25th Annual ICR Conference. For Q4, the company expects revenues to be flat or down 3% year-over-year, with Adjusted EBITDA projected between $9 million and $11 million. For the full year, revenue growth is anticipated between 4% and 5%, with Adjusted EBITDA estimated at $103 million to $105 million. The company’s participation includes a live webcast of its fireside chat.

J.Jill, Inc. (NYSE:JILL) will participate in a fireside chat at the 25th Annual ICR Conference on January 9, 2023, at 11:00 a.m. EST. CEO Claire Spofford and CFO Mark Webb will lead the discussion, which will be webcast live and available on the Company’s Investor Relations website. J.Jill is known for its omnichannel retail approach and women's apparel, offering products through 247 stores and a strong e-commerce platform. The company aims to provide a superior customer experience and reflects the confidence of women who embrace individuality and purpose.

J.Jill, Inc. (NYSE:JILL) reported Q3 2022 net sales of $150.2 million, a 1% decline from the previous year, while gross profit increased to $105 million, resulting in a gross margin of 69.9%, up 100bps. Net income was $8.9 million, down from $11.2 million, with diluted earnings per share at $0.62. The company expects Q4 revenues to decline 3% and projects FY2022 revenues to grow 4-5%. J.Jill plans to close 4 stores by year-end, maintaining a total of 243 stores.